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Tag: increases

  • Social Security payroll tax limit increases for 2025. Here’s how that may affect you

    Social Security payroll tax limit increases for 2025. Here’s how that may affect you

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    chiara
    in

    In 2025, millions of retired Americans will see a 2.5% cost-of-living adjustment for benefit payments, according to the Social Security Administration. But a lesser-known tax change will also impact higher-income workers. The Social Security Administration on Oct. 10 unveiled a higher threshold for earnings subject to Social Security payroll taxes, known as the “taxable maximum” or “wage base.” The limit shifts annually…

  • Agency increases payments for retirees and beneficiaries

    Agency increases payments for retirees and beneficiaries

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    chiara
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    Social Security recipients can expect a 2.5% cost-of-living adjustment (COLA) increase in their payments starting in 2025 amid cooling inflation. It’s the smallest increase since 2021. The amount equates to a top-line figure of approximately $48 more per month, with check amounts rising from $1,920 to $1,968.  On Thursday, the Bureau of Labor Statistics reported…

  • Amazon increases average pay for warehouse workers and adds free Prime membership perk

    Amazon increases average pay for warehouse workers and adds free Prime membership perk

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    chiara
    in

    Amazon announced Wednesday it is raising wages for its hourly warehouse workers and adding a new employee perk that will give them a Prime subscription at no extra cost. Beginning this month, Amazon’s average starting pay for front-line employees in the U.S. will be bumped to an average of more than $22 an hour, up from roughly…